Follow Up

Puerto Rico Prepares for a $3 Billion Bond Deal

In what will be one of the biggest deals the municipal bond market has ever seen, Puerto Rico is planning to sell $3 billion in general-obligation bonds that are expected to yield near 9%.

March 8, 2014 3:02 a.m. ET

Review | Preview

After a tumultuous six months, Puerto Rico is set to come to market this week with a giant $3 billion tax-exempt general-obligation bond deal that will give the beleaguered island some financial breathing room as it tries to address deep-seated economic and demographic problems. The deal will be one of the largest tax-exempt deals ever and the first by a Puerto Rico issuer since last summer.